Glacier Bancorp, Inc. (NYSE:GBCI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from five brokerages (2 holds, 2 buys, 1 strong buy) with an average 12‑month target of $56.50, and recent analyst moves include upgrades from Keefe, Bruyette & Woods and Piper Sandler and a downgrade from Brean Capital.
• Shares opened at $43.58 (market cap $5.67B) with a 52‑week range of $36.76–$53.99 and a P/E of 21.9; the company reported quarterly EPS of $0.49 vs. $0.59 expected and revenue of $306.5M, signaling an earnings miss.

Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report) has been given an average rating of "Moderate Buy" by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $56.50.

A number of research analysts have commented on the company. Keefe, Bruyette & Woods raised Glacier Bancorp from a "market perform" rating to an "outperform" rating and set a $55.00 price target for the company in a research report on Monday, December 15th. Piper Sandler upgraded Glacier Bancorp from a "hold" rating to an "overweight" rating and set a $58.00 price objective on the stock in a research report on Thursday, December 18th. Wall Street Zen upgraded Glacier Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, February 28th. Brean Capital lowered Glacier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Glacier Bancorp in a report on Monday, December 29th.

Glacier Bancorp Stock Down 1.7%

Glacier Bancorp stock opened at $43.58 on Friday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 21.90 and a beta of 0.75. The firm has a 50 day moving average price of $48.36 and a two-hundred day moving average price of $46.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.83. Glacier Bancorp has a 52-week low of $36.76 and a 52-week high of $53.99.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.10). The firm had revenue of $306.51 million for the quarter. Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.